The Technology Commercialization and Innovation Program (TCIP) supports the acceleration and commercialization of promising technologies developed at Utah’s universities and colleges.
The Program leverages the investments made by USTAR as well as the millions of dollars of federal research grants that are awarded to the State’s colleges and universities each year.
The TCIP offers grants to Utah colleges and universities who are seeking to commercialize their technologies, as well as to companies who license technology from these institutions.
The primary goal of the TCIP is to accelerate commercialization of university-based research and innovation in order to drive economic development and job creation in the State, which supports the Governor’s objective to create 100,000 jobs in 1,000 days.
The TCIP program supports a wide range of technology commercialization projects at critical funding points. The application process is competitive, with multiple selection cycles per year. Grants of $40,000 are awarded on a first application and up to an additional $40,000 in a second round, for a maximum of $80,000 per applicant for the same application of a technology.
TCIP grants require matching funds from federal or private sources to augment the State’s investment. Funding recommendations are made by a panel of private sector individuals with expertise in the areas of Information Technology (IT); Life Science (LS); Materials Manufacturing Energy and Environment (MMEE).
FY2013 Grant Solicitation Report
The TCIP conducted three grant solicitation cycles in FY2013. The program received 86 grant applicants totaling over $3.4 million in funding requests; $1.76 million was awarded to 44 different applicants. The 44 funded projects are broken down as follows:
Institution: Brigham Young University: 2; University of Utah: 29; Utah State University: 5; Weber State University: 6; Utah Valley University: 2 Economic Cluster: Information Technology: 12; Life Science: 19; Materials, Manufacturing, Energy, Environment: 13
Applicant type: Licensee: 33; University: 11
These charts provide an overview of this year’s funding decisions by institution, economic cluster area and applicant type.
Utah is ranked the top State for business and careers by Forbes magazine, in part because of the state’s commitment to efficiency and effectiveness. Consistent with that goal, the TCIP strives to execute a highly effective and efficient program with a view toward accelerating economic development and creating jobs for the citizens of the State of Utah.